How to Buy WazirX (WRX) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has WazirX, and is trustworthy!

You can find our top 3 exchanges for buying WazirX here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy WazirX

And of course, the final step is to find WazirX on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy WazirX (WRX)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell WazirX

  1. Sign into the exchange
  2. Find where you stored your WazirX, either on a hardware wallet or on the exchange.
  3. Transfer your WazirX to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell WazirX.
Businessman looking at crypto trend

Considerations when looking to buy WazirX.

WazirX was launched in 2018 and claims to be India’s fastest growing cryptocurrency exchange. It has over 400,000 users and an average app rating 4.6. WazirX is part of the Binance ecosystem. Binance and WazirX have created a $50 million USD fund called 'Blockchain for India'. The exchange is open to all, with key features including:

  • Instant INR (fiat), deposit and withdrawal options
  • Smart Token Fund helps crypto investors to find skilled traders and allow them to manage their cryptocurrency portfolio
  • The first P2P auto-matching engine with high liquidity
  • 80+ tokens
  • Login using Binance

WazirX's utility token is WRX. The Binance blockchain is the basis of the WRX token. The total supply of the token is 1 billion. Token holders will receive various benefits such as trading fees discounts, WRX Trade Mining, token Airdrop, margin Fee, and more. WRX and WRX will be backed by Indian entrepreneurs who have more than 10 years experience in scaling global products from India. Binance also purchased WazirX in November 2019. WazirX's goal is to make crypto available to all Indians.